Even if you have reached an agreement with your spouse it is important to record that agreement in a manner that will be recognised in the future and is enforceable. Without a properly recorded property settlement it is possible that one party may seek to revisit the settlement and seek an alternate (usually greater) property division at a later time. It is far wiser to invest some time and incur a relatively small expense now than expose yourself to what could be a very expensive and time consuming process in the future. If you have reached an agreement it can be recorded in either a Financial Agreement or a Consent Order.